ADANIENT Trade Setup | Educational Analysis Only
📢 Disclaimer:
This analysis is purely for educational purposes and not a recommendation to buy or sell. I share these ideas to help others learn; you should always do your own analysis before making any trading decisions. 📊✅
📌 Market Overview & Trade Idea
ADANIENT is seeing a potential reversal zone forming. Based on technical analysis:
we can see a perfect ellipse has formed
✔️ Support Zone Identified – The price has reached a key level where it may reverse.
✔️ Potential Targets:
50% Target: ₹2,540.35
Final Target: ₹2,818.45
If the price respects the reversal zone, an uptrend might follow toward the targets. However, if it breaks below support, further downside is possible.
🔍 Find Your Own Entry Strategy!
To maximize confidence in a trade, look for strong candlestick confirmation before entering. For me, a strong hammer candle with a long wick and shadow would be a reliable sign of a reversal. 📉➡️📈
💬 What’s your favorite entry confirmation? Drop your thoughts in the comments! ⬇️
This analysis is purely for educational purposes and not a recommendation to buy or sell. I share these ideas to help others learn; you should always do your own analysis before making any trading decisions. 📊✅
📌 Market Overview & Trade Idea
ADANIENT is seeing a potential reversal zone forming. Based on technical analysis:
we can see a perfect ellipse has formed
✔️ Support Zone Identified – The price has reached a key level where it may reverse.
✔️ Potential Targets:
50% Target: ₹2,540.35
Final Target: ₹2,818.45
If the price respects the reversal zone, an uptrend might follow toward the targets. However, if it breaks below support, further downside is possible.
🔍 Find Your Own Entry Strategy!
To maximize confidence in a trade, look for strong candlestick confirmation before entering. For me, a strong hammer candle with a long wick and shadow would be a reliable sign of a reversal. 📉➡️📈
💬 What’s your favorite entry confirmation? Drop your thoughts in the comments! ⬇️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.